CORRE Prepares Bid for Kuwait Oil Company
Canadian Oil Recovery and Remediation Enterprises Ltd (TSXV:CVR) announced that through its partnership company SAR-CORRE MENA LIMITED, it has obtained a Request for Proposal document from the Kuwait Oil Company, and will attend a pre-tender meeting on May 7th.
Canadian Oil Recovery and Remediation Enterprises Ltd (TSXV:CVR) announced that through its partnership company SAR-CORRE MENA LIMITED, it has obtained a Request for Proposal document from the Kuwait Oil Company, and will attend a pre-tender meeting on May 7th.
As quoted in the press release:
This drill cuttings contract is for a period of five years with one-year renewals at the request of KOC. Due to the high value of this contract, the bid bond alone exceeds US $1.0 million. The tender documents provide that the OBM drill cuttings and sludge treatment services have to be continuously available 24 hours a day, seven days a week. The tender documents specify that the required OBM drill cuttings and sludge treatment capacity is 26,000 cubic meters per year.
